Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $9,112,081 · related or exempt $9,112,081

• 2b · Program service revenue: MISC SERVICE REVENUE

  total $150,941 · related or exempt $150,941

• 3 · Investment income

  total $199,413 · excluded $199,413

• 6a · Gross rents

  real property $262,259

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $262,259

• 6d · Net rental income or loss

  total $262,259 · excluded $262,259

• 7a · Gross sales of assets other than inventory

  other assets $4,000

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $4,000

• 7d · Net gain or loss

  total $4,000 · excluded $4,000

• 11a · Other revenue: MISCELLANEOUS

  total $367,860 · excluded $367,860

• 11e · Other revenue, total

  $367,860

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $486,250

• 7 · Other salaries and wages

  total $12,360

• 9 · Other employee benefits

  total $172,593

• 11g · Fees: other

  total $28,880

• 12 · Advertising and promotion

  total $40,883

• 13 · Office expenses

  total $17,508

• 16 · Occupancy

  total $93,328

• 19 · Conferences, conventions and meetings

  total $15,313

• 22 · Depreciation, depletion and amortization

  total $664,524

• 23 · Insurance

  total $89,008

• 24a · Other expenses: PURCHASED POWER

  total $4,309,402

• 24b · Other expenses: DISTRIBUTION SYSTEM REP

  total $1,408,073

• 24c · Other expenses: OVERTIME REPAIRS

  total $369,332

• 24d · Other expenses: MISCELLANEOUS

  total $355,106

• 24e · All other expenses

  total $715,601

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,347,459 · end of year $1,242,158

• 2 · Savings and temporary cash investments

  beginning of year $3,847,410 · end of year $5,539,129

• 4 · Accounts receivable

  beginning of year $1,296,436 · end of year $1,956,886

• 8 · Inventories for sale or use

  beginning of year $2,379,485 · end of year $1,911,340

• 9 · Prepaid expenses and deferred charges

  beginning of year $691,589 · end of year $582,017

• 10a · Land, buildings and equipment: cost or other basis

  $23,031,274

• 10b · Land, buildings and equipment: accumulated depreciation

  $9,039,137

• 10c · Land, buildings and equipment, net

  beginning of year $13,397,951 · end of year $13,992,137

• 12 · Investments: other securities

  beginning of year $247,237 · end of year $249,316

• 17 · Accounts payable and accrued expenses

  beginning of year $1,314,215 · end of year $1,256,588

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $22,893,352 · end of year $24,216,395

The filer's explanations (Part III)

PART I, LINE 1A

THE COMPANY PARTICIPATES IN THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) RETIREMENT SECURITY PLAN (RS PLAN), A DEFINED BENEFIT PENSION PLAN QUALIFIED UNDER SECTION 401 AND TAX-EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE PLAN IS FULLY FUNDED AND VESTING IS 10% PER YEAR FOR FIRST 4 YEARS, WITH 100% VESTING AT BEGINNING OF 5TH YEAR OR AGE 55, WHICHEVER COMES FIRST. BENEFITS FROM EMPLOYEE CONTRIBUTIONS ARE FULLY VESTED. THE AMOUNTS REPORTED ARE DEFERRED COMPENSATION BENEFITS EARNED, BUT NOT PAID.